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WOOLWORTHS GROUP LIMITED — M&A Activity 2022
Aug 11, 2022
66075_rns_2022-08-11_4ec7712d-65e7-4e64-bc12-09766e514ac9.pdf
M&A Activity
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Level 1, 446 Collins Street, Melbourne VIC 3000 ACN 640 108 130
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12 August 2022
ASX Release
Scheme Update
MyDeal.com.au Limited ( MyDeal ) ( ASX:MYD ) refers to the proposed acquisition of 80.2% of the issued shares in MyDeal by Woolworths Group Limited (ASX:WOW) by way of a scheme of arrangement ( Scheme ) pursuant to the Scheme Implementation Agreement lodged with ASX on 20 May 2022 (as amended). Unless otherwise defined, capitalised terms have the meaning given to them in the Scheme Implementation Agreement.
MyDeal announces that the parties have received confirmation from the Australian Competition and Consumer Commission that it will not oppose the Scheme ( ACCC Approval ).
Implementation of the Scheme remains subject to the ACCC Approval being in full force and effect at 8.00am on the Second Court Date and other conditions as previously announced, including approval of MyDeal shareholders at the Scheme Meeting scheduled to be held as a hybrid meeting at 10.30am (AEST) on Tuesday 6 September 2022, and court approval of the Scheme.
If you have any questions regarding the Scheme or require any further information, please call the Share Registry on 1300 737 760 (within Australia) or +61 9290 9600 (outside Australia) between 8.30 am and 5.30 pm (AEST), Monday to Friday, excluding New South Wales public holidays.
This announcement has been authorised for lodgement with ASX by the Company’s Chairman.
For more information:
| Media Enquiries | Investor Relations |
|---|---|
| https://investors.mydeal.com.au +61 401 496 334 [email protected] |
https://investors.mydeal.com.au +61 3 9999 1091 [email protected] |
About MyDeal
MyDeal is an online retail marketplace focused on home and lifestyle goods. MyDeal currently has more than 2,049 sellers (of which 1,373 are considered Active Sellers[1] as at 30 June 2022) on its platform with over 6 million product SKUs listed across 2,000 categories (with the number of SKUs available for sale at any time determined by sellers).
https://investors.mydeal.com.au/site/content
1 “Active Sellers” are sellers that have sold products through the platform within the last three months.
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